James City County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for James City County, Virginia based on real HMDA transaction records.

Loan Details

US County (Smart Autofill)

Loan Type

James City County, VA Benchmarks

FHA averages

Typical Property Value$389,218

Average Down Payment12.6%

Average Interest Rate6.207%

Effective Tax Rate0.61%

Median Tax Paid$2,901/yr

Tax Growth (Historical)+1.0%

Based on 212 regional loans totaling $70,380,000 (HMDA database).

Home Price

Down Payment

$49,041 down · $340,177 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$198 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$144 / month

Estimated Monthly Payment

$2,614/mo

Principal & Interest$2,122
Property Tax$198
Home Insurance$150
FHA MIP$144

Amortization · Remaining Balance

Financed Loan Amount

$346,130

Total Interest

$417,856

Total of Payments

$763,986

*Includes financed FHA Upfront MIP of $5,953

Local Market Insights

James City County FHA Mortgage Overview

In James City County, the 12.60% average down payment on an FHA loan (average value $389,218) provides accessible entry for buyers, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 87.40% loan-to-value ratio—critical for those using an FHA loan down payment analysis. With a 0.61% effective property tax rate and a 1.0% inflation-adjusted tax shift, monthly affordability is slightly pressured. This data reflects 100% owner-occupied purchases, ideal for buyers evaluating James City County FHA loan limits and tax impacts, though MIP cannot be canceled regardless of equity.

Disclaimer: This calculator provides estimates for educational purposes only and does not constitute a loan offer or financial advice. Actual rates, taxes, insurance, and fees will vary.